Biden Aims at Romney in Push for ‘Buffett Rule’

Vice President Joe Biden will give a campaign speech in New Hampshire today accusing Republican opponent Mitt Romney of supporting tax cuts for very wealthy families who don’t need the help, according to excerpts of his speech released by President Obama’s re-election campaign this morning.

It is part of a weeklong campaign to highlight the White House’s proposed “Buffett rule,” which would set a minimum effective tax rate of 30% for those earning more than $1 million a year.

The proposal is named for investor Warren Buffett, who complained that his secretary pays a higher rate than he does because most of his income comes from investments, rather than from higher-taxes wages. Mr. Romney’s effective tax rate in 2010 was about 14% for the same reason.